SFGTV: San Francisco Government Television
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Jul 18, 2012
07/12
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tax. we are particularly mindful of businesses with relatively low payroll but sell a lot of products. including personal services. these are the industries with the lowest gross receipts rates. it is taxed at 0.75%, moving to 0.175%, in excess of $25 million. that business will pay at all four tiers. supervisor chu: if you have a business with gross receipts levels, do they pay on the first $7 million? so that it is progressive? >> yes, it is progressive in that way. scheduled the information industry, by a technology, clean technology, including services. their rates start at 1.25% and rise. scheduled to is the lease information, the accommodation, and arts and recreations that are not nonprofit. their rates start at 0.3% up to $1 million, and 5.4%, $25 million and above. there are slight differences indicated between the proposals on the rates for schedule 3. those are the only rate differences. schedule 4 is subject to tax. they are not covered by the payroll and gross receipts tax and
tax. we are particularly mindful of businesses with relatively low payroll but sell a lot of products. including personal services. these are the industries with the lowest gross receipts rates. it is taxed at 0.75%, moving to 0.175%, in excess of $25 million. that business will pay at all four tiers. supervisor chu: if you have a business with gross receipts levels, do they pay on the first $7 million? so that it is progressive? >> yes, it is progressive in that way. scheduled the...
SFGTV: San Francisco Government Television
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Jan 23, 2013
01/13
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taxes? >> because that would require us to work with the assessor's office. there is potential down the line for the assessor's office and tax collector's office to work together to purchase the property component of the software. and spoking to the gross receipts tax there are eight different categories. or tax schedules and four progressive rates depending on the type of business activity you engage in. as i mentioned before twice as many businesss will actually be filing and remiting this tax. and they are going to have to report different data points. right now a business simply dells us this is how much payroll tax i have in san francisco and apply the 1.5% rate and then that is how much tax they owe. we're now going to have to continue to collect that information, plus what of their receipts was in each of the different categoris? because they can report in different categories and actually required to. and we will have to know much more about them and their payroll expense will need t
taxes? >> because that would require us to work with the assessor's office. there is potential down the line for the assessor's office and tax collector's office to work together to purchase the property component of the software. and spoking to the gross receipts tax there are eight different categories. or tax schedules and four progressive rates depending on the type of business activity you engage in. as i mentioned before twice as many businesss will actually be filing and remiting...
SFGTV: San Francisco Government Television
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Apr 10, 2012
04/12
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tax and do two jobs. as i said, the payroll tax currently does poorly on that. even a revenue-neutral gross receipts tax would create jobs for. the payroll tax alternative gets the same amount of revenue but is spreading the burden around to different businesses. it is unlikely to create many jobs. that is a break even. a second issue is administer ability -- administrability. hear, the payroll tax is simpler. the gross receipts alternative is a far more complex tax. if we were to switch to gross receipts, we would have to be mindful that there is more complex before the tax collector and payers. a learning curve and inherent, multiple schedules, wills, tears. you cannot get a good tax without introducing some of that complexity of. as i mentioned before, the second thing people look for in a tax system, the third thing is stability. we think both of these proposals would lead to a more stable revenue stream because more businesses would be paying into it. the same thing goes to equity. it would address -
tax and do two jobs. as i said, the payroll tax currently does poorly on that. even a revenue-neutral gross receipts tax would create jobs for. the payroll tax alternative gets the same amount of revenue but is spreading the burden around to different businesses. it is unlikely to create many jobs. that is a break even. a second issue is administer ability -- administrability. hear, the payroll tax is simpler. the gross receipts alternative is a far more complex tax. if we were to switch to...
SFGTV: San Francisco Government Television
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Jul 23, 2011
07/11
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would that still impact our 50 cents sales-tax -- our 0.5% sales tax? >> we do address a scenario where the state would impose a partial sales tax. under the current version, that would not cause our have sent to go away. under that scenario, we could end up with a sales tax a quarter cent higher than we have been over the last couple of years. one of the amendments to the legislation is to change that so that if there is a 0.75% state sales tax imposed hours would go away. so if the state we imposes a sales tax of 0.5% or less, hours remains in place. our sales tax rate would be no higher than it has been over the past several years. if they impose anything greater than that, hours -- ours would automatically be ascended -- rescinded. chairperson chu: we do have an economic analysis from the controller's office and a report from the budget analyst. >> been rosenfield from the comptroller's office. mr. egan is on a well-earned vacation. i thought i would briefly touch on a couple of the highlights from our report, which we issued yesterday. to start wit
would that still impact our 50 cents sales-tax -- our 0.5% sales tax? >> we do address a scenario where the state would impose a partial sales tax. under the current version, that would not cause our have sent to go away. under that scenario, we could end up with a sales tax a quarter cent higher than we have been over the last couple of years. one of the amendments to the legislation is to change that so that if there is a 0.75% state sales tax imposed hours would go away. so if the...
SFGTV: San Francisco Government Television
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May 24, 2011
05/11
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regulation code, payroll tax expense, tax exclusion for tax-based compensation. president o'brien: welcome. >> good evening, honorable commissioners. i'm ross mirkarimi, supervisor of district five. thank you for hearing our legislation on stock option exemption. i will give you a little bit of context and what the legislation actually does. i introduced my stock option legislation during our deliberations on the mid market twitter tax break discussion and debate. i and others have believed that a twitter tax break on one hand was singularly focusing just what was self evident on one company, benefiting one company and one particular neighborhood, and on the other, gave that one company an exclusion that we anticipated would likely catalyze great interest by a number of other companies because of the exclusion which was for twitter, both payroll and stock option. our anticipation was held correct where a number of other companies had asked when that deliberation was taking place, that they would like to see some benefit, too, at risk of potentially losing their b
regulation code, payroll tax expense, tax exclusion for tax-based compensation. president o'brien: welcome. >> good evening, honorable commissioners. i'm ross mirkarimi, supervisor of district five. thank you for hearing our legislation on stock option exemption. i will give you a little bit of context and what the legislation actually does. i introduced my stock option legislation during our deliberations on the mid market twitter tax break discussion and debate. i and others have...
SFGTV: San Francisco Government Television
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Aug 4, 2011
08/11
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the proposed sales tax measure is a special tax as required, we cannot put a general tax on the ballot unless there are legislative seats also on the ballot under the california constitution so this requires a 2/3 vote of the people. the tax needs to be dedicated as a special tax. what is proposed are a couple of things. this falls into how the mayor has been talking about his priorities for the budget over the past several months. some of you have heard the mayor may be one or too many times about how you'd like to see a budget that is solvent. a safe part of that equation is what we're talking about today with this measure. when he talks about having a safe city, he talks about two things. he talks about public safety which is the core police and emergency response services and that is obviously a key component of safety. he also means a basic social safety net, a minimal level of social services that help people in our city feel a sense of personal safety about their future, about their health care, about their economic stability. so, the proposal that is before us would be dedicate
the proposed sales tax measure is a special tax as required, we cannot put a general tax on the ballot unless there are legislative seats also on the ballot under the california constitution so this requires a 2/3 vote of the people. the tax needs to be dedicated as a special tax. what is proposed are a couple of things. this falls into how the mayor has been talking about his priorities for the budget over the past several months. some of you have heard the mayor may be one or too many times...
SFGTV: San Francisco Government Television
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Jul 23, 2018
07/18
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our payroll taxes and then we're now facing a gross receipts tax. and we're facing a gross receipts tax that is four to 50 times the rate of other businesseses and i really feel that the cannibas industry will be -- will have an additional tax but i would like that tax to feel fair to the industry. and i think that a double tax of the current payroll would be very fair. industry-wide that's kind of where we've all landed and we like the idea of a double tax. but the four x to the 50x, when you look at the data it's just frightening. okay. >> supervisor cohen: thank you. next speaker. >> hello, supervisors, thank you for listening to our comments. i appreciate you. and the headway that you've already made, pushing it off really helps the equity applicants. i'm a equity partner and i hope to work on equity program in its early stages from a business standpoint. and just from a patient standpoint and an activist i want to remind you guys that alcohol and cigarettes kill people every day. cannibas doesn't kill people and there is no death toll for canni
our payroll taxes and then we're now facing a gross receipts tax. and we're facing a gross receipts tax that is four to 50 times the rate of other businesseses and i really feel that the cannibas industry will be -- will have an additional tax but i would like that tax to feel fair to the industry. and i think that a double tax of the current payroll would be very fair. industry-wide that's kind of where we've all landed and we like the idea of a double tax. but the four x to the 50x, when you...
SFGTV: San Francisco Government Television
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May 1, 2019
05/19
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taxed. in any event, the payroll expense tax that was for gone in central market spiked in the 2014 and 2015 period. that is the period after twitter had their i.p.o. their i.p.o. occurred in 2013. i.p.o. companies have a lockup period in which they disallow their employees from exercising options and selling stock for a period using -- usually six months after the i.p.o. period to prevent a flood of selling of the stock, however, after that period expired, there was a decline in twitter stock price of that time period and there was, in the year following, a great increase in the payroll tax expense that was forgone in central market markets. and in the year following. so it may very well be that that was done to the effect of the twitter i.p.o. i want to speak to what we have done on behalf or on the topic of the i.p.o.s that we are talking about for 2019, and i would say, echoing that fred had said, several of the i.p.o.s have -- are being talked about or being rumoured. three of them have
taxed. in any event, the payroll expense tax that was for gone in central market spiked in the 2014 and 2015 period. that is the period after twitter had their i.p.o. their i.p.o. occurred in 2013. i.p.o. companies have a lockup period in which they disallow their employees from exercising options and selling stock for a period using -- usually six months after the i.p.o. period to prevent a flood of selling of the stock, however, after that period expired, there was a decline in twitter stock...
SFGTV: San Francisco Government Television
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Jul 25, 2011
07/11
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personal services are not taxed. commercial rents are not taxed. there are many businesses where we have to start looking together, residents have to get together. there is a residential utilities tax in almost every jurisdiction in california. it's very small, but it adds up. you know, these little things with our 800,000 residents, a very little amount of money could fund some very important programs, like healthy france. so i really think we're going to have to get together and start talking about these revenue measures in addition, sales tax can just not be the only solution, but right now, i'm going to support this. so thank you. president o'brien: commissioner riley? president riley: yes, under the circumstances, we do need to come up with a solution. but i do have a question. what kind of outreach efforts will you do and what's the response? >> thanks for the question. i think there are a couple of answers we've had. several meetings internally at the mayor's office as we have been thinking through this, we met with small business network, c
personal services are not taxed. commercial rents are not taxed. there are many businesses where we have to start looking together, residents have to get together. there is a residential utilities tax in almost every jurisdiction in california. it's very small, but it adds up. you know, these little things with our 800,000 residents, a very little amount of money could fund some very important programs, like healthy france. so i really think we're going to have to get together and start talking...
SFGTV: San Francisco Government Television
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Apr 13, 2012
04/12
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paying less tax with a gross receipts tax and we've shifted the tax burden across industries and we believe we've shifted the burden on to industries that have the potential to create more jobs in the city so some of the job gain comes from that. but on a net basis, in 20 years, we would expect to have about 3500 more jobs in the city with this replacement than we would with our current payroll tax. looking industry by industry and it may be best to read this off of your -- if you can't read it it on the screen, off the paper. this is an industry-by-industry breakdown of what we think the payment would be under the current payroll tax versus the gross receipts alternative and the pie on the gross receipts alternative is changing slightly so don't hold me to that number exactly but in general, what's happening is, right now we are very, very reliant on professional services as a huge source of our business tax revenue. that one industry now pays almost about a third. we would seek to reduce that to less than a third, about 28%, and most other industries in the city would also see reduced tax
paying less tax with a gross receipts tax and we've shifted the tax burden across industries and we believe we've shifted the burden on to industries that have the potential to create more jobs in the city so some of the job gain comes from that. but on a net basis, in 20 years, we would expect to have about 3500 more jobs in the city with this replacement than we would with our current payroll tax. looking industry by industry and it may be best to read this off of your -- if you can't read it...
SFGTV: San Francisco Government Television
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Jun 20, 2015
06/15
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business tax. hotel tax continued strenge and we are projecting decline in [inaudible] those levels still remain well above historic averages. transfer tax i should say is the most ditch cult to project k& the most voltile and driven by what is going on in the commercial real estate. we are concerned rising interest rates will have on the commercial tax in the city. in the revenue letter we also hit on and review whether inmayors budget is in compliance with ballot measures that create spending requirements or dedication rerequirements thrmpt is a great deal of detail in the report itself, but here is a couple hilites. supervisor mar and yee, per your question how the budget fund and the new baseline is established in prop c, the budget grows in the property tax and beyond that it establishes a new base -general fund support in excess of fundsing levels in the 2 years. for the children baseline property, which is the old baseline the proposed expenditures exceed the base by 2.2 million in the budge
business tax. hotel tax continued strenge and we are projecting decline in [inaudible] those levels still remain well above historic averages. transfer tax i should say is the most ditch cult to project k& the most voltile and driven by what is going on in the commercial real estate. we are concerned rising interest rates will have on the commercial tax in the city. in the revenue letter we also hit on and review whether inmayors budget is in compliance with ballot measures that create...
SFGTV: San Francisco Government Television
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May 10, 2011
05/11
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now since the twitter tax deliberation had -- had implicated both payroll tax and stock option, what we sliced off was just on the stock option set because it is that genre of companies on the prei.p.o. that we have the greatest amount of information on, even though it might be a small number, not sexy in the sense of sweeping citywide reform but enough evidence to at least give us a complete yard stick as to what we can anticipate through the loss of those companies and the gain of keeping them here and tradeoff of them getting -- two very specific differences. i just want to say i'm very open minded to the legislation i hear being advanced by supervisor farrell. but in this day in age, when i hear somebody like peter darby, the c.e.o. of pg&e, who is exiting with a $35 million stock option bonus and is not taxed, that doesn't agree with me. i'm not going to support something that would give somebody like peter darby that kind of free ride from pg&e with a $35 million stock bonus that he gets as an exit. should that be applicable to somebody or somebody like him. so those i think ma
now since the twitter tax deliberation had -- had implicated both payroll tax and stock option, what we sliced off was just on the stock option set because it is that genre of companies on the prei.p.o. that we have the greatest amount of information on, even though it might be a small number, not sexy in the sense of sweeping citywide reform but enough evidence to at least give us a complete yard stick as to what we can anticipate through the loss of those companies and the gain of keeping...
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Oct 21, 2014
10/14
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back taxes. we already have the power to do that and this legislation won't change that. what this amendment about back taxes says is that unless and until that money, the back taxes he are paid, home sharing in san francisco is illegal period. and although he it's easy to say, well, it if air bnb doesn't pay the back taxes, we're going to hold up air bnb's ability to have legalized short-term rentals? no, what it means is individual residents of san francisco will not be legally able to do home sharing until those backs taxes are paid and until the years and years of litigation leading up to maybe the payment of the back taxes proceeds. we also know that and we have other litigation that this city is engaged in with expedia, with travel os it, that it is not so clear that air bnb is necessarily the entity that's liable for any back taxes ~. it could be residents of san francisco. so, are we saying that unless the tax collector starts going after residents of san francisco to collect back taxes w
back taxes. we already have the power to do that and this legislation won't change that. what this amendment about back taxes says is that unless and until that money, the back taxes he are paid, home sharing in san francisco is illegal period. and although he it's easy to say, well, it if air bnb doesn't pay the back taxes, we're going to hold up air bnb's ability to have legalized short-term rentals? no, what it means is individual residents of san francisco will not be legally able to do...
SFGTV: San Francisco Government Television
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Aug 31, 2023
08/23
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tax overpaid executive tax, commercial rent tax. collectively, that's about one and one half billion dollars a year of general fund revenue, directly or indirectly. it's affected by how much people use offices and how much people are physically working. in san francisco. so we were asked to assess what are the risks to this revenue stream by this tendency for people to work at home and not come into the office. and so i'd like to share the results of this report, which we issued last month. and as sarah said, this is going to kick off a process that will have internal work by our offices, as well as outreach with with businesses and other affected stakeholders in the city. really we found three things before i got into the details. the first is that over the past 20 years, san francisco's business tax revenue has become increasingly concentrated in exactly the industries that are most hit by remote work. i'll show you a slide in a few minutes that three industries in the city information professional services and financial services
tax overpaid executive tax, commercial rent tax. collectively, that's about one and one half billion dollars a year of general fund revenue, directly or indirectly. it's affected by how much people use offices and how much people are physically working. in san francisco. so we were asked to assess what are the risks to this revenue stream by this tendency for people to work at home and not come into the office. and so i'd like to share the results of this report, which we issued last month. and...
SFGTV: San Francisco Government Television
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Jul 22, 2010
07/10
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tax meant to transfer tax meant to me-stroke. me ♪ now you know i wouldn't lie ♪ i don't want budget tax to say good-bye ♪ now i don't want budget tax for transfer property to say good-bye ♪ ever since property tax has been leaving me i've been wanting to die ♪ now i want what tax meant to me and i surely wouldn't lie ♪ now i don't want property tax to say good-bye ♪ no i don't want it to say good-bye ♪ supervisor avalos: next speaker, please. >> district 6 neighborhood activist. of course he doesn't do studies on whether increasing funding for a park is going to create jobs or not, because those studies are almost impossible to tell one way or another. you know, it's one thing one way, one thing the other way. the fact is if this body and the city spends its money wisely and properly, it will create jobs and will be a benefit to the economy. if you do poorly, then you lose jobs. this idea that somehow in 14 years it's going to be a net job killer, well, that would -- the only way that would be the case is if the
tax meant to transfer tax meant to me-stroke. me ♪ now you know i wouldn't lie ♪ i don't want budget tax to say good-bye ♪ now i don't want budget tax for transfer property to say good-bye ♪ ever since property tax has been leaving me i've been wanting to die ♪ now i want what tax meant to me and i surely wouldn't lie ♪ now i don't want property tax to say good-bye ♪ no i don't want it to say good-bye ♪ supervisor avalos: next speaker, please. >> district 6 neighborhood...
SFGTV: San Francisco Government Television
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Oct 25, 2012
10/12
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
SFGTV: San Francisco Government Television
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Jul 22, 2012
07/12
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tax" at an 6, 2012. item 12. 9 voters an: "ordinance amending the business and tax regulations code to: 1) enact a new article ordinance) to impose a gross receipts tax and an administrative office tax on persons engaging in business activities in san francisco; 2) amend article 12-a business payroll expense tax rates based on the amount of gross receipts tax collected under article 12-a-1 (gross amend article 12 (business registration ordinance) to establish business registration fees based on gross receipts and amend the current business approximately $40 million in amend article 12-a (payroll sunset date to the surplus (e credit; and 5) amend article 6 (common administrative provisions) to establish requirements for filing a tax return under article 12-a-1 (gross receipts tax ordinance), establish filing payroll expense tax. supervisor much. please call item 13 and 14, though they are not exactly connected. >> item 13. hearing to consider the proposed initiative ordinance to be submitted by four or mo
tax" at an 6, 2012. item 12. 9 voters an: "ordinance amending the business and tax regulations code to: 1) enact a new article ordinance) to impose a gross receipts tax and an administrative office tax on persons engaging in business activities in san francisco; 2) amend article 12-a business payroll expense tax rates based on the amount of gross receipts tax collected under article 12-a-1 (gross amend article 12 (business registration ordinance) to establish business registration...
SFGTV: San Francisco Government Television
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Aug 11, 2012
08/12
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our business tax that will not be taxing jobs and job creation in san francisco. this work could not be done without -- this measure could not be done without the great work of the comptroller's office -- the controller's office that are reaching out to the business community to get input on how to craft a measure that can really achieve its objectives, lifting up our job creation abilities in san francisco and looking at how to create a fair tax structure in the city. i will not go into detail about the measure, but i want to make sure that both the measure i have and my colleagues are supporting are really looking at how to support small businesses in san francisco. we have an exemption of businesses whose revenues below $1 million will be exempt from any of the gross receipts tax provision. that is something i think is significant as we are moving forward as a city. i am looking at how we can have a measure that can generate some revenue to meet the increasing demands on our public infrastructure and that is increasing when our economy is also burgeoning. that
our business tax that will not be taxing jobs and job creation in san francisco. this work could not be done without -- this measure could not be done without the great work of the comptroller's office -- the controller's office that are reaching out to the business community to get input on how to craft a measure that can really achieve its objectives, lifting up our job creation abilities in san francisco and looking at how to create a fair tax structure in the city. i will not go into detail...
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Nov 17, 2019
11/19
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and other tax data. we will rely on continues from the public. i think this will be a tax that businesses in the commercial corridors will say, hey, we think you should check this out. it looks vacant for some time. we anticipate a robust system forgetting continues from the public as well. >> as follow-up. when you say finite list of properties, do you know how many? >> it is rare that we have a geographically defined business tax, that does make our ability to enforce a little easier. >> supervisor mandelman. >> i don't know if this is for the tax collector or d.b.i. how is the definition of vacancy in this ordinance different from what d.b.i. is treating as vacancy now? >> i would look to my colleagues at d.b.i. to explain the current definition. >> good morning, bill strong. under the current ordinance if you are vacant 30-days or more, you must register. that was per the recent amendment. it doesn't really matter whether you have a for lease or for sale sign. under the previous ordinance if you had
and other tax data. we will rely on continues from the public. i think this will be a tax that businesses in the commercial corridors will say, hey, we think you should check this out. it looks vacant for some time. we anticipate a robust system forgetting continues from the public as well. >> as follow-up. when you say finite list of properties, do you know how many? >> it is rare that we have a geographically defined business tax, that does make our ability to enforce a little...
SFGTV: San Francisco Government Television
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Nov 29, 2017
11/17
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delinquent tax obligations. i respectfully ask the board to determine whether the tax collector carried the letters pertheir mission as publicly stated. fortunately, there is recourse through you. you have the process to right a wrong, and we are asking you for basic fairness from our government, repudiation of this, and we want our property back. >> thank you for your comments. next speaker, please. >> good afternoon. my name is carrie weintraub. i'm the president of the presidio terrace homeowners association. when i received the letter from miss lamb and mr. cheng's representative on may 30th of this year, i was shocked to learn that unbeknownst to me and all of our neighbors, the city had sold our streets on-line two years prior. i have spent six months determining how this could have happened and tried to resolve this directly with the tax collector and new owners. more than 20 years ago, a simple but critical over sight during an accountant transition was perp waited because nobody was aware of the tax obl
delinquent tax obligations. i respectfully ask the board to determine whether the tax collector carried the letters pertheir mission as publicly stated. fortunately, there is recourse through you. you have the process to right a wrong, and we are asking you for basic fairness from our government, repudiation of this, and we want our property back. >> thank you for your comments. next speaker, please. >> good afternoon. my name is carrie weintraub. i'm the president of the presidio...
SFGTV: San Francisco Government Television
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Jul 12, 2018
07/18
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taxing similarly taxed payers and tax rates. she is a marshmallow maker an and she can't get a bank, whereas another person that doesn't have noninfusion can do that. the second principle is the ability to pay taxes. taxes should be noncausing undue financial distress, and with her, she hasn't had the ability to deduct business expenses. she is looking at 20 to 30 percent of expenses not to be able to deduct, which is really difficult. the third economic growth and deficiency. we should not have tax policy group that punishes the growth of her business and just having four months to get a building permit to put an ada bathroom in the city has slowed down her ability to work through this. the last point is minimizing noncompliance. the state already sees a big thriving black market because of the overregulation and taxation we have an opportunity to go another direction. >> good afternoon. i actually know both of you from when i worked downstairs in this building. in addition to the principles of tax policy group i have other con
taxing similarly taxed payers and tax rates. she is a marshmallow maker an and she can't get a bank, whereas another person that doesn't have noninfusion can do that. the second principle is the ability to pay taxes. taxes should be noncausing undue financial distress, and with her, she hasn't had the ability to deduct business expenses. she is looking at 20 to 30 percent of expenses not to be able to deduct, which is really difficult. the third economic growth and deficiency. we should not...
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Jul 18, 2019
07/19
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it's not a tax on the employees that receive the tax-based compensation. so on the uber i.p.o., we expect there'll be millions of dollars flowing into the oakland economy. this would increase the tax on uber as a result of the tax-based compensation -- stock-based compensation that they pay to plyys. stock-based compensation is largely associated with the tech companies, and it's believed this is to create incentives for employees to achieve growth goals for the companies morning cash-based wages and salary. so because of this reason, in san francisco, given our economy, it's likely that the bulk of the burden of this tax would fall on the tech sector. and because of that, i think it's worth considering some of the impacts that the technology sector has had both positive and negative on the city's economy during this decade. it's very clear that the city's economy has been transformed in the past 15 years by the growth of the tech sector here. as recently as 230 -- 2004, technology accounted for only 2 prs -- 3% of the jobs in the city, and now, it's 15%,
it's not a tax on the employees that receive the tax-based compensation. so on the uber i.p.o., we expect there'll be millions of dollars flowing into the oakland economy. this would increase the tax on uber as a result of the tax-based compensation -- stock-based compensation that they pay to plyys. stock-based compensation is largely associated with the tech companies, and it's believed this is to create incentives for employees to achieve growth goals for the companies morning cash-based...
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Feb 9, 2018
02/18
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tax. i'm excited. i'm the sponsor of this. today we'll be hearing from ted egan from the office of the controller. this is the first part of a hearing to understand our business tax framework in san francisco. in 2012, the business tax reform was designed to broaden the tax base and bring more businesses into the tax system. while transitioning from a payroll to a gross receipts tax over a five-year period, the city was expected to maintain revenue levels. well, in october, the office of controller annual business tax reform report indicated that the gross receipts are nots on track to cover all of the payroll revenue. as you can imagine, this is a particular problem so i called this hearing so we can begin to better understand about why our revenues are failing -- falling short. how the burden is being fell by different sectors and particularly paying attention to the small business sector. given the number of business tax measures that we're introducing over the next several months, i'm
tax. i'm excited. i'm the sponsor of this. today we'll be hearing from ted egan from the office of the controller. this is the first part of a hearing to understand our business tax framework in san francisco. in 2012, the business tax reform was designed to broaden the tax base and bring more businesses into the tax system. while transitioning from a payroll to a gross receipts tax over a five-year period, the city was expected to maintain revenue levels. well, in october, the office of...
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Oct 26, 2014
10/14
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these companies have violated our tax code by failing to pay the taxes for the past 2-1/2 years. there has been much discussion about this issue in the last few days. recently, actually, a member of this board, supervisor cohen at a forum last week indicated that she wanted to do something about the back taxes as reported in 48 hills. in response to the question as to whether she was going to do something about the collection of back taxes, supervisor cohen responded, and i quote, "heck yes." supervisor cohen, i want to give you today an opportunity to do something about the comments and the statement that you gave at this forum. and, so, with that i would like to reintroduce my amendment to make the operative date of this legislation 30 days after the treasurer tax collector certifies all outstanding transient occupancy taxes have been paid. let's make the statement that there aren't two sets of rules in san francisco. just like any business in san francisco, air bnb must adhere to our tax laws. before a law that legitimatizes a company's presently illegal activities is past, we
these companies have violated our tax code by failing to pay the taxes for the past 2-1/2 years. there has been much discussion about this issue in the last few days. recently, actually, a member of this board, supervisor cohen at a forum last week indicated that she wanted to do something about the back taxes as reported in 48 hills. in response to the question as to whether she was going to do something about the collection of back taxes, supervisor cohen responded, and i quote, "heck...
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Sep 15, 2012
09/12
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that is how the tax is worded. for years and years people have been renting out spots connected to residential dwelling, whether single family home or apartment whether there are extra spots after tenants have taken a few spots. it's done so many years without paying parking tax and without knowing it. in addition if you didn't know you were to pay the tax and decided you were going to be a good citizen and comply the city has made it unbelievably difficult to actually pay that tax because the city treats someone renting their garage in a single family home as if they were the fifth and mission garage. you have to have parking equipment to gather data on the garage. you have to pay a bond. you have to pay approximately $1,000 fee, which might be significant higher than annual revenue or parking tax you are paying. you have to be fingerprinted at hall of justice, fill out a significant amount of paper work and pay monthly, just like a large garage. this legislation would do a couple things. first it would dramatical
that is how the tax is worded. for years and years people have been renting out spots connected to residential dwelling, whether single family home or apartment whether there are extra spots after tenants have taken a few spots. it's done so many years without paying parking tax and without knowing it. in addition if you didn't know you were to pay the tax and decided you were going to be a good citizen and comply the city has made it unbelievably difficult to actually pay that tax because the...
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Feb 18, 2015
02/15
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tax. supervisor christensen here today and members of the mayor's staff and the tax collector's office and the controller's office that really made this possible during years of work, research and many, many months two years ago of negotiations that lead to the successful ballot measure so it's our pleasure representing part of the business community to be here and now the manufacturing community. >> so kate sous executive director and co-chair. i think creating this program was a great pleasure and a accomplishment when we worked on this together with kindred spirits and finance and tourism and hotel sectors and really brought all of the folks together around the same table including labor intensive businesses and manufacturers and i am proud about that and businesses that are labor intensive and manufacturers and those businesses this is a celebration and affirmation that san francisco is open for small business and manufacturing, and i couldn't be more excited about the kind of base thi
tax. supervisor christensen here today and members of the mayor's staff and the tax collector's office and the controller's office that really made this possible during years of work, research and many, many months two years ago of negotiations that lead to the successful ballot measure so it's our pleasure representing part of the business community to be here and now the manufacturing community. >> so kate sous executive director and co-chair. i think creating this program was a great...
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Mar 21, 2011
03/11
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because it creates jobs, it create tax revenue associated with job growth, hotel tax, utility tax and so forth. the real question is since you are using the payroll tax and an exclusion from the payroll tax to generate growth, does it hurt payroll tax specifically or not? our assumptions are not based on any crystal ball but on a wide range of potential futures. we make more payroll tax revenue in the long run than we give up in the short run because attracting twitter to the area leads to economic development and higher payroll tax revenue in years seven and beyond that we could expect to otherwise receive. we could further increase that benefit by following the recommended amendment we have in relation to the large commercial properties. >> thank you. supervisor chu: why don't we go to the budget analyst report? >> we have a rather detailed report. i will try to be brief and summarize a few of the highlights. on the top of page seven, we state that assuming twitter was able to relocate into the central market tenderloin area and there is no change in the average annual twitter salar
because it creates jobs, it create tax revenue associated with job growth, hotel tax, utility tax and so forth. the real question is since you are using the payroll tax and an exclusion from the payroll tax to generate growth, does it hurt payroll tax specifically or not? our assumptions are not based on any crystal ball but on a wide range of potential futures. we make more payroll tax revenue in the long run than we give up in the short run because attracting twitter to the area leads to...
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Jul 13, 2018
07/18
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tax. it is a gross receipts tax that supervisor peskin initiated as a way to really try and fulfill his obligation as the chair of the transportation authority board to identify and secure funding for about $100 million annually, and our local funds for transportation infrastructure and operations. and we have been slowly chipping away at that overwhelming number, and thank you to those members who helped to unanimously pass the transportation sustainability fee. [please stand by] we have struggled to fund basic services and build out infrastructure to keep pace with growth. i wanted to reiterate once again that this is not a tax on drivers or riders, this is a corporate business tax and not a regulatory business scheme because that is more appropriately the response of our state regulatory system. our offices work closely with the tax office and the tax controller and i have amendments that i would like to offer up fo for consideration today. first, a removal of the central market payroll
tax. it is a gross receipts tax that supervisor peskin initiated as a way to really try and fulfill his obligation as the chair of the transportation authority board to identify and secure funding for about $100 million annually, and our local funds for transportation infrastructure and operations. and we have been slowly chipping away at that overwhelming number, and thank you to those members who helped to unanimously pass the transportation sustainability fee. [please stand by] we have...
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May 5, 2011
05/11
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likely, gross receipts business tax. i think it is worth remembering that we are still an incredibly innovative city. in fact, "the chronicle" reported on a study from price waterhouse coopers that found san francisco to be the third most rich opportunity city in the world. i think we know there are growing companies with real incentives to lead our great city. there are also mature companies that leave our city or are looking elsewhere. it is important for us to do better. i think this piece of legislation helps to do that. a number of weeks ago, i asked the office of the comptroller, tax collector, office of economic work force and development, to study different options to these challenges that would reduce the incentive for growing technology companies to leave san francisco while minimizing the impact on our budget. it just so happened on that same day i introduced a formal request, supervisors mirkarimi and mark farrell introduced their versions. it is very appropriate be consider all of these items together. i wan
likely, gross receipts business tax. i think it is worth remembering that we are still an incredibly innovative city. in fact, "the chronicle" reported on a study from price waterhouse coopers that found san francisco to be the third most rich opportunity city in the world. i think we know there are growing companies with real incentives to lead our great city. there are also mature companies that leave our city or are looking elsewhere. it is important for us to do better. i think...
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Oct 26, 2014
10/14
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back taxes. and i want to thank our tax collector for issuing a statement today to reiterate that, to say xi quote, no existing or proposed laws such as this one in any way alters these tax obligations, including the obligation to pay unpaid, i.e., back taxes. ~ and i quote it's a fact that the tax collector has already been using its authority to collect these taxes on short-term rental activity and has made paying those taxes easier by allowing individuals and platforms to file online. it's also fact that our legislation does nothing to stop the tax collector from pursuing back taxes. the tax collector has full authority to enforce the business and tax code and as all of us know here on the board, the tax collector does not release information on who has paid these taxes because that information is private to ensure compliance. it's both legal and required common practice for tax entities. these are the facts. now, there are many among us, myself included, i believe supervisor cohen is among us
back taxes. and i want to thank our tax collector for issuing a statement today to reiterate that, to say xi quote, no existing or proposed laws such as this one in any way alters these tax obligations, including the obligation to pay unpaid, i.e., back taxes. ~ and i quote it's a fact that the tax collector has already been using its authority to collect these taxes on short-term rental activity and has made paying those taxes easier by allowing individuals and platforms to file online. it's...
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Feb 5, 2014
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under the payroll expense tax so they continue to operate in a similar way in the engross tax realm. finally, this is taking the content of the central market street area that was approved a couple years ago and making sure that concept persists. but what we shed i want to make sure everyone is aware of if there's not a specific exemption or exclusion the taxpayer should smoum that's included in the receipt 0 if the taxpayer wishes to include it. there are certainly exempt entities small businesses with a less than a million dollars in engross receipts are exempted and this is similar to the small business tax under a certain outing amount you're not significant to the tax. and certain tablths organizations like those businesses that are locally known as nonprofits etc. they are exempted from the gross receipt tax to the extent they don't have related business income if the irs treats it as something that's exempted. and then there are unconstitutional legally organizations those are essentially folks under state law we can't tax because the state law prevents them like banks and ins
under the payroll expense tax so they continue to operate in a similar way in the engross tax realm. finally, this is taking the content of the central market street area that was approved a couple years ago and making sure that concept persists. but what we shed i want to make sure everyone is aware of if there's not a specific exemption or exclusion the taxpayer should smoum that's included in the receipt 0 if the taxpayer wishes to include it. there are certainly exempt entities small...
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Jul 16, 2010
07/10
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i think that taxing parking lot is better than taxing individual cars all over the city. we need a little bit more than a telephone number to get people to come in. if they did not see parking months reporting income, they would turn it in. >> thank you. we will close public comment. >> i like to ask you all to review the same data. we want to be the most effective city in recovering those costs. i presume you will follow up. >> to be happy to do this. the king to propose legislation in the coming months are so, this titans' our ability to increase penalties. we are looking forward to working with the board on this in the future. thank you. >> and os that this would go to the board without recommendation. >> a cave. that is the last item on our special. we can go to the first item on our regular meeting. this is about the appropriation to bring forward and to balance. we're looking at this for the move on it -- on expended funds. i will just read what is on here. the first part is 6.3 million in the general fund balance which is really the real estate transfer tax. there
i think that taxing parking lot is better than taxing individual cars all over the city. we need a little bit more than a telephone number to get people to come in. if they did not see parking months reporting income, they would turn it in. >> thank you. we will close public comment. >> i like to ask you all to review the same data. we want to be the most effective city in recovering those costs. i presume you will follow up. >> to be happy to do this. the king to propose...
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Nov 6, 2012
11/12
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if the gross receipts tax does pass, the city's payroll expense tax would phase out from tax years 2014 through 2018 and ted is here to explain how the facout is going to work with the exclusion. as you recall the purpose of the payroll tax exclusion for small businesss is to create and increase the number of jobs within the city and county of san francisco. by providing an incentive for small businesses to create new jobs. the legislation before you today will allow that to happen by keeping the exemption in place through 2015 as originally intended. there are two recommendations in the budget legislative analyst's report that supervisor farrell is fine with. we also have an additional amendment that ted egan is here to explain, lines 14-16 and i have copies of that. again, mr. egan will explain that why it's necessary to calculate the base year payroll tax with the phase-in and exempting. so if i could give this to victor. with that i would either ask that you go to the budget legislative analyst or to ted egan. >> why don't we go to mr. egan first and then to the budget analyst. mr.
if the gross receipts tax does pass, the city's payroll expense tax would phase out from tax years 2014 through 2018 and ted is here to explain how the facout is going to work with the exclusion. as you recall the purpose of the payroll tax exclusion for small businesss is to create and increase the number of jobs within the city and county of san francisco. by providing an incentive for small businesses to create new jobs. the legislation before you today will allow that to happen by keeping...
SFGTV: San Francisco Government Television
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Jun 27, 2012
06/12
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since to them and what we had a real estate transfer tax that has been applied but we have seen tax increases that have happened to our business community. we have seen incredible fee increases that have hit. -- have hit businesses large and small. the fee increases are the things that have had the most detrimental effect on the business climate in san francisco rather than a business tax in general. we have seen those every year. as fee increases the board has to either prove or we have to not approve and find the money to replace the fees. that is a hard thing to do. revenue generating can limit -- we can go forward on fee increases in the future. that is of the gatt would like to engage with the small business commission to see how we can roll back some of the fees that have been hit on a lot of our small mom-and-pop businesses. we can look at rolling back fees instead. i have here when page that discusses the main differences between the mayor's proposal and the proposal that come from them members of the board of supervisors. they are the same pretty much and the presenter from the compt
since to them and what we had a real estate transfer tax that has been applied but we have seen tax increases that have happened to our business community. we have seen incredible fee increases that have hit. -- have hit businesses large and small. the fee increases are the things that have had the most detrimental effect on the business climate in san francisco rather than a business tax in general. we have seen those every year. as fee increases the board has to either prove or we have to not...
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Aug 11, 2018
08/18
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it is this body that has the ability to raise the tax measure, raise the tax rate, or to lower the tax rate by a simple vote of eight people. now i think that it is incredibly fair. quite frankly, it's very forward thinking. allowing us to put infrastructure in place to begin to collect taxes but also it does not hamstring us to a specific tax rate. that we come together as a legislative body to adjust whatever adjustments need to be made that reflects our need in the future. and so i am asking for your support, colleagues, not only on this tax framework but a commitment for our equity program. a commitment for our compassion program and a commitment to continue the conversation around the cannibas industry both in the states and the local level and for keeping this industry fair and on equal footing. i also want to note on the statewide level this legislation is being passed around as model legislation. so i hope that you will support me and support this notorietitive. i'm happy to answer whatever questions you may have, i'm available. and i want to particularly recognize the team of
it is this body that has the ability to raise the tax measure, raise the tax rate, or to lower the tax rate by a simple vote of eight people. now i think that it is incredibly fair. quite frankly, it's very forward thinking. allowing us to put infrastructure in place to begin to collect taxes but also it does not hamstring us to a specific tax rate. that we come together as a legislative body to adjust whatever adjustments need to be made that reflects our need in the future. and so i am asking...
SFGTV: San Francisco Government Television
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Jul 20, 2011
07/11
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local sales tax rate. the upshot of this would be that instead of our sales tax falling from 9.5% to 8.5%, it would fall to 9%. there would still be a half cent decrease in the sales tax rate. that would provide us with revenue that is called for in our revenue and would stabilize the city budget against cuts we have seen that we understand are coming in the pending months and years. because of the state constitutional requirements, this is a special tax, meaning it requires a 2/3 vote of the electorate to pass. the proposed use of this tax -- each of you in this room, i know, have heard probably one too many times the mayor talk about how he wanted his budget proposal to represent a city that is safe, solvent, and successful. i will not belabor that for you again. but the safe aspect of that statement means two things, as the mayor discusses. it means having a solid system of public safety in the city, so that people feel physically safe against crime, fire, and emergency, but also providing the minimum l
local sales tax rate. the upshot of this would be that instead of our sales tax falling from 9.5% to 8.5%, it would fall to 9%. there would still be a half cent decrease in the sales tax rate. that would provide us with revenue that is called for in our revenue and would stabilize the city budget against cuts we have seen that we understand are coming in the pending months and years. because of the state constitutional requirements, this is a special tax, meaning it requires a 2/3 vote of the...
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May 18, 2011
05/11
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a combination of a payroll tax, a commercial occupancy tax, and a gross receipts tax. all of that can be remade in a form of our business tax structure. i look forward to robust discussion, because i think we can tease out a lot and have a new ones approach -- nuanced approach. i look forward to that discussion. this to me seems like a very narrow way that is much more palatable for me to accept in terms of how we get to keep small startup businesses here in san francisco and i will be supporting it. thank you, colleagues. supervisor chiu: supervisor mirkarimi? supervisor mirkarimi: i concur with supervisor at a los -- av alos' comments. it is probable there will be great movement between now and 2012, some attempts at significant reform. i know that is being well probed by a number of our colleagues here and by the mayor's office and by others. and that is a good thing. but right now san francisco has a problem. the problem is we have of growing industry of pre-ipo companies. what the midmarket debate was able to shed light on was it was not about one company, company
a combination of a payroll tax, a commercial occupancy tax, and a gross receipts tax. all of that can be remade in a form of our business tax structure. i look forward to robust discussion, because i think we can tease out a lot and have a new ones approach -- nuanced approach. i look forward to that discussion. this to me seems like a very narrow way that is much more palatable for me to accept in terms of how we get to keep small startup businesses here in san francisco and i will be...
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Jul 18, 2012
07/12
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it is as simple as a tax gets. it is a flat tax on payrolls. it is not without its v)u complex than the gross receiptsl tax. the growth will create more administrative burden for taxpayers to pay. it is one of the cons of the shift. this is the prairie -- primary conn. -- con. that is in terms of folks available to provide counselor -- counseling to taxpayers aren't -- and also after the fact. that is because we have more pairs and those that are paying and more complex tax. the measure and mission are increased administrative costs in the formula that you see in the legislation. those costs had no more of an increment of to% of the tax collected. our conversations is a phase i and their implementation. it seemed to indicate that the costs will be between $3 million to $6 million would be the current working estimates. that is envisioned in the former was and the net revenue numbers we're talking about. that is a high-level summary. while the gross receipts tax is certainly more complex and challenging for the city to administer and taxpayers t
it is as simple as a tax gets. it is a flat tax on payrolls. it is not without its v)u complex than the gross receiptsl tax. the growth will create more administrative burden for taxpayers to pay. it is one of the cons of the shift. this is the prairie -- primary conn. -- con. that is in terms of folks available to provide counselor -- counseling to taxpayers aren't -- and also after the fact. that is because we have more pairs and those that are paying and more complex tax. the measure and...
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Jun 27, 2012
06/12
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gross receipts tax. and the last criteria will give us ways to a body weight your tax system based on at wettability. currently, the taxes are paid by less than 10% of businesses. this would double to about 20% of businesses. part of that would be proprietors and full partnerships. you could be a law firm with two employees and making over $2 million and not see any tax burden. under the gross receipts alternative, we would be capturing that. the other place we are capturing new players is a federal enclaves. i'll be happy to take any questions at this point. >> thank you, jason. >> questions? or comments? commissioners? >> commissioners, jason eliot does need to be. if there are any questions you have of him, now is the time, or we can bring him back up a little bit later. >> any questions for jason? >> ," one question. what was the reason for moving from revenue neutral to revenue generation? >> thank you, mr. president. that is a good question. one that we grappled with for a while. the mayor initiate
gross receipts tax. and the last criteria will give us ways to a body weight your tax system based on at wettability. currently, the taxes are paid by less than 10% of businesses. this would double to about 20% of businesses. part of that would be proprietors and full partnerships. you could be a law firm with two employees and making over $2 million and not see any tax burden. under the gross receipts alternative, we would be capturing that. the other place we are capturing new players is a...